A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for May 8, 2025.
The healthcare industry is rapidly evolving, with the lines between the healthcare technology and services sectors blurring - creating the catalyst for innovation, transformation, and continued market activity. TripleTree's Healthcare M&A Weekly summarizes recent mergers, acquisitions, and investments shaping the future of healthcare.
To view previous healthcare M&A activity, please review last week's post: Healthcare M&A Weekly - April 30, 2025.
Amedisys announced that the company has reached agreements to divest home health and hospice care centers to affiliates of the Pennant Group and BrightSpring Health Services. Read more about the agreement here.
Archer Review, a healthcare education company and a portfolio company of Leeds Equity Partners, has acquired the core technology behind PulsedIn, a micro-learning and social community platform for health professionals. Learn more about the acquisition here.
Atlantic General Hospital and TidalHealth announced that a definitive agreement has been signed that will bring the two health systems together under TidalHealth. Learn more about the agreement here.
ChiroHD, a cloud-based practice management system for chiropractors, has secured $26M in growth capital from Mainsail Partners, a growth equity firm investing in vertical SaaS companies, to help accelerate product innovation, enhance platform experience, and expand customer support. View the announcement here.
Consumer Edge, a global consumer alternative data intelligence company, has completed its acquisition of Earnest Analytics, a transaction and healthcare data company. Click here to learn more about the acquisiton.
ENT Partners, LLC, a Physician Practice Management Company specializing in Ear, Nose, Throat, Sleep medicine, and Facial Plastics, acquired Currence Physician Solutions, a firm focused on revenue cycle management and financial analytics. Read more about the acquisition here.
EyeMD EMR Healthcare Systems, Inc., a provider of healthcare technology software solutions purpose-built for ophthalmologists and eye care specialists, announced a significant majority growth investment from Performant Capital, a Chicago-based private equity firm focused on partnering with and scaling software and technology-enabled businesses. Learn more about the investment here.
Extendicare Inc. (TSX: EXE) announced that its wholly owned home healthcare subsidiary, ParaMed Inc., has entered into an agreement to acquire all of the issued and outstanding shares of Closing the Gap Healthcare Group Inc. and certain affiliates from the ultimate shareholders of Closing the Gap. Click here to learn more.
Healthy.io signed an agreement to acquire Labrador Health, a startup that has developed a breakthrough technology for quantitative home testing. View the announcement here.
HMP Global, am omnichannel healthcare company delivering education, events, and market insights to healthcare professionals worldwide, has announced the acquisition of Masterclasses in Dermatology, LLC, a provider of CME-accredited live events and programming for dermatologists, advanced practice providers, and allied health professionals. Learn more about the acquisition here.
Telehealth company LifeMD bought assets from Optimal Human Health MD to accelerate its push into the women’s health market. LifeMD offers direct-to-consumer virtual primary care supported by a 50-state affiliated medical group and national lab and pharmacy infrastructure. Click here to learn more.
GI Alliance, a Cardinal Health company and physician-led multispecialty management services organization, has expanded its specialty care footprint into urology with the acquisitions of Urology America and Potomac Urology, marking a significant step in its evolution toward a multispecialty platform delivering coordinated, patient-centered care. Read the press release here.
Granata Bio acquired Oviva Therapeutics, Inc., a women's health biotech company focused on advancing treatments that address female physiology, with an emphasis on ovarian aging. Learn more about the acquisition here.
Innovative Lab Services LLC, a provider of laboratory solutions, acquired Compco Analytical, Inc, a provider of analytical instrument maintenance and repair services based in New Jersey. Click here to learn more about the acquisition.
Madison Dearborn Partners, LLC, a private equity investment firm based in Chicago, has signed an agreement with Thoma Bravo, a software investment firm, to acquire a significant ownership position in NextGen Healthcare, Inc., a provider of innovative healthcare technology and data solutions. Read more about the agreement here.
MentalHealth.com has acquired PsychGuides.com, a provider of research-based mental health information and clinical guidelines, serving clinicians, policymakers, and patient advocates. Read the press release here.
Merck KGaA (MRCG.DE) has struck a deal to buy U.S. biotech company SpringWorks Therapeutics (SWTX.O) for an equity value of $3.9B to add rare cancer therapies ahead of expected revenue losses linked to expiring patents. Click here to learn more.
PCI Pharma Services, a global contract development and manufacturing organization (CDMO) focused on innovative biopharma therapies, has completed its acquisition of Ajinomoto Althea, Inc., a US-based sterile fill-finish CDMO and subsidiary of Japan-based Ajinomoto Co., Inc. Learn more about the acquisition here.
Persivia, an AI-driven digital health solutions company, has announced the completion of a $107M recapitalization with Aldrich Capital Partners, a growth equity firm focused on high-potential healthcare and technology companies. Read the press release here.
Regulus Therapeutics Inc. (Nasdaq: RGLS), a biopharmaceutical company focused on the discovery and development of innovative medicines targeting microRNAs, entered into an agreement and plan of merger with Novartis AG and an indirectly wholly owned subsidiary of Novartis, pursuant to which Novartis will acquire Regulus for an initial payment of $7.00 per share in cash at closing, or $800M. View the announcement here.
Resmed (NYSE: RMD, ASX: RMD), a health technology company focused on sleep, breathing, and care delivered in the home, announced it has acquired VirtuOx, an independent diagnostic testing facility (IDTF) for sleep, respiratory, and cardiac conditions. Click here to learn more about the announcement.
Roquette, a provider of plant-based ingredients and pharmaceutical excipients for the health and nutrition sectors, has completed its acquisition of IFF Pharma Solutions. Read more about the acquisition here.
Smartlinx, a provider of workforce management solutions for senior care organizations backed by Lone View Capital, has acquired StafferLink, a provider of contingent staffing management software for the healthcare industry. Learn more about the acquisition here.
Subscribili, a platform for modern membership, payment, and patient engagement solutions, has acquired Stream Dental, a comprehensive software designed to enhance in-house specialty performance through streamlined referral management. As part of the acquisition, Santosh Patel, co-founder of Stream Dental and Complete Specialty Solutions, joins Subscribili as Chief Revenue Officer. Click here to learn more.
LongueVue Capital has announced that its portfolio company, Summit Clinical Research, in partnership with Pinnacle Clinical Research, has successfully completed a strategic investment in Houston Research Institute, a Houston-based clinical research site focused on MASH/MASLD, cirrhosis, alcoholic liver disease, and obesity. Learn more about the investment here.
Sun Nuclear, a Mirion Medical company, announced the acquisition of Oncospace, a company providing cloud-based, AI-powered solutions for the radiation oncology community. View the announcement here.
Teladoc Health (NYSE: TDOC) a global virtual care company, announced it has acquired UpLift, a tech-enabled provider of virtual mental health therapy, psychiatry and medication management services, in a $30M all-cash transaction. Learn more about the announcement here.
Tower MSA Partners, a portfolio company of Ambler Brook, has acquired Axiom National, a Tampa, FL-based provider of Medicare Secondary Payer (MSP) compliance and settlement planning solutions. Read more about the acquisition here.
Vetirus Pharmaceuticals, a global developer of biologic therapies for human and veterinary health, announced its acquisition of Enso Discoveries, LLC, a Manhattan, Kansas-based biotech company specializing in regenerative medicine. Click here to learn more.
Transactions outlined in this summary highlight some of the key trends shaping the future of healthcare. Get the latest industry news from TripleTree every week.
This is a partial list of transaction activity across the healthcare industry and is not intended to be a complete listing. Transaction information was identified from various sources and TripleTree may or may not have acted as the financial advisor for the transactions listed. All product names, logos and brands are property of their respective owners. All company, product and service names used in this communication are for identification purposes only. Use of these names, logos and brands does not imply endorsement.
